Potash Corp. of Saskatchewan Inc. plans to keep on trying to
maintain prices, says Jochen Tilt who took over as chief executive officer on
July 1.
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| Canpotex is a three-member potash cartel - Potash Corp. of Saskatchewan, Mosaic and Agrium |
Potash Corp. has been pursuing a strategy of reducing
production in an effort to keep prices from declining because Uralkali of
Russia is flooding the market.
Potash Corp, is in an export cartel with Agrium and Mosaic; Uralkali used to be in another cartel with Belarus, but that broke down
last year.
Uralkali has been reducing prices so it can sell increased
production, so world potash prices have been declining.
Uralkali is, however, showing signs under new management
that it’s going to reduce production so prices will rise.
